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Arcadia, the retail group owned by Sir Philip Green, has come out swinging against The Pensions Regulator, accusing the watchdog of giving MPs "incorrect" information about the doomed sale of BHS.

Earlier this week, Lesley Titcomb, the chief executive of The Pensions Regulator (TPR), claimed she only learnt of the sale of BHS for £1 to Retail Acquisitions "through the newspapers".

Ms Titcomb implied that this showed a lack of respect from Arcadia and BHS's pension trustees after they had been in negotiations about the retailer's pension deficit. She also added that the sale to Retail Acquisitions, agreed on 11 March last year, a kick-started an "anti-avoidance" investigation by TPR.